Welcome to our Autumn edition of Keeping up with Asset and Wealth Management (‘AWM’) Tax. Much like the UK Parliament, we took a one month summer recess in August, so this September issue is our ‘back to school’ edition, capturing all the developments over the summer.
It is our pleasure to invite you to our Brexit event on Tuesday 25th September. With only 6 months to go before the date of Britain's exit from the European Union and no immediate clarity on what the post Brexit landscape will look like, this "deep dive" half day session will tackle the practical questions asset managers are currently facing.
PwC’s annual tax conference, held in London in May, considered how asset managers are affected by the OECD’s initiative to tackle tax avoidance, Base Erosion Profit Shifting, and similar regional and local tax initiatives being adopted.
We all know that budgets are stretched, but despite this our clients are still focusing hard on operational taxes. Now more than ever there is significant push/pull to get it right. Interested parties include investors, regulators, accounting authorities, tax authorities and directors.
PwC’s annual tax conference, held in London in May, discussed the tax challenges facing asset managers as they prepare for a post-Brexit environment.
PwC’s annual tax conference, held in London in May, discussed the future for asset and wealth management as the pace of change continues to accelerate – how will the tax function remain relevant?
The flyer highlights what the US tax reforms mean at a practical level for asset manageres. What does it mean for asset manager US operations’ locations; legal form; compensation structures, and debt in US deal structuring? Hopefully our article helps guide you through the changes and this will also be the focus of one of our upcoming conference sessions.
With the end of the tax year having now passed, along with the first of the year-end employer deadlines, we want to take the opportunity to remind you of your remaining obligations and deadlines.
Here are some of the current key topics affecting the industry. Please follow the links for further information or alternatively, feel free to reach out to your PwC contact to discuss in more detail.
The need for Trustees to properly consider the mitigation of tax leakage is now perhaps more pressing than ever before. This hub brings together the current hot topics and tax matters affecting pension schemes and savings products in the UK.
US Tax Reform could give rise to sweeping, complex changes for companies with a US footprint. To help you stay informed, we'll be updating this hub with all the latest comments and analysis as the situation develops.
PwC’s Asset Management Tax Conference saw delegates discuss the increasing pressures on asset managers in response to tax and regulatory requirements and the consequent evolution of the tax function in a modern asset management firm. Their conclusion? The tax function of the future will look very different.
Over the last few years, the transfer pricing and more widely the international tax landscape have seen historic changes that have created significant uncertainty for asset managers. This is due to legislative and regulatory changes as well as the prevailing economic circumstances.
Almost 25 years after the first anti money laundering (AML) regulation introduced financial services companies to the idea they must ‘know your customer’ – the KYC bar has never been higher, both in the UK and globally.
Asset and wealth managers operating across the EU must now begin to implement their plans to respond to the formal triggering of Article 50. Firms are considering possible worst-case scenario outcomes, what that would mean for their business and what no-regrets actions can be prioritised.
In the first Autumn Budget since the result of the UK’s General Election, the UK Chancellor, Philip Hammond, delivered a budget that focused on the UK’s future post-Brexit, adopting a balanced approach by investing in housing, public services and infrastructure, whilst also setting out measures that will seek to generate £4.8bn of additional tax revenues from anti-avoidance measures.